Cemex SA sees 1Q EBITDA of $800M, sales of $3.9B

GabrielMadway

SAN FRANCISCO (MarketWatch) -- Cemex S.A.
CX, -0.13%
said late Thursday it expects first-quarter earnings before interest, taxes, depreciation and amortization of $800 million, up 26% from the same period last year. The Mexican cement maker also said it expects operating income of $550 million, up 25%, and net sales of more than $3.9 billion, an increase of 51% from a year ago. The forecasts include the effect of consolidating the RMC group starting March 1, 2005. Cemex added that it is increasingly confident of achieving its $4 billion EBITDA target for 2006.

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